Commercial Real Estate & Business News – January 28, 2021

Industrial demand, supply and investment in Phoenix set new records in 2020, and that momentum has carried into the new year. The coronavirus created substantial headwinds that negatively impacted most commercial property sectors, but some of those trends benefited the industrial segment…»
The development authority behind Wild Horse Pass has selected Scottsdale-based Sunbelt Holdings Inc. to lead a major 10 million-square-foot expansion. Located at the southwest corner of Interstate 10 and the new Loop 202 freeway, Wild Horse Pass encompasses 3,300 acres of land owned by the Gila River Indian…»
Recognizing the growing demands of Phoenix’s supply chain infrastructure, LPC Desert West has closed on nearly 20 acres in the I-10 corridor for Buckeye85. The new 321,873-square-foot, Class A industrial project will deliver the location, flexibility and creative industrial amenities desired by mid-size users in…»
Existing home sales rose in December, with home sales in 2020 reaching their highest level since 2006, according to the National Association of Realtors®. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December…»
From a budding trend to a full-fledged business strategy for both marketplaces and hosts, short-term rentals have certainly come into their own—and 2021 is going to be the year they officially grow up. The short-term rental business will be taking control of its trajectory, ushering in a new era with…»